Longer Marcellus Laterals Drive Demand For Higher-Spec Newbuilds

With sell side analysts theorizing that increased onshore service sector activity in 2014 is a precursor of pricing power, there has only been one problem. To date, evidence of pricing power outside the well servicing sector has been close to nonexistent among the major service lines.But it is now possible to place an asterisk on that argument. The pricing for drilling rigs is in fact going up, according to a Hart Energy survey of Marcellus land drilling contractors and oil and gas operators, but not for the reasons the sell...